In spring 2022, the cryptocurrency market lived through collapse, when following the BTC price, all other assets’ cryptocurrency exchange rates dropped significantly. As of October 2022, we see the market is in stagnation. To understand how the crypto market works, let’s consider its main trends:
- A bear trend – that is what we witnessed in spring 2022 when all crypto rates dropped. Investors get rid of their savings, creating a snowball effect, and crushing the market.
- A bull trend – the opposite situation, when the demand for crypto assets grows, and everyone want to buy them. It spurs crypto cryptocurrency exchange rates to a sharp increase.
These market trends always follow each other, so after this “crypto winter,” we all should expect the next bull trend. It would be wise to purchase digital assets now as cryptocurrency rates are reduced. The strategy that works the best, in this case, is “buy and hold”. Let’s talk about the most promising digital assets to invest in.
Cryptos that are Expected to Rise
Regardless of a huge price drop, the crypto market is evolving. There are some promising projects that have already gained huge popularity and extensive communities:
- The Sandbox.
Some of these projects aim to improve the real sector financial institutions and facilitate the processes of money transfers worldwide; others are focused on metaverses and games, allowing users to monetise their content. We should understand that the most prominent projects in the crypto industry are now associated with NFTs, metaverses, DeFi products, blockchain games, etc., and this direction will evolve. Soon we will see many more new up-and-coming projects in this field.
If you want to become an investor in promising crypto industry projects, look at the WhiteBIT platform. It offers cryptocurrency live prices, low fees, and secure tools for investing and trading. The platform operates officially and complies with the European jurisdiction.